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SunPower Corp. is not letting a first-quarter loss of $54.7 million get it down as strong demand has raised its sales for revenues of $635.4 million. Strong sales boosted the company’s revenue for the 1st quarter of 2013, which rose 29 percent from $494.1 million for the same period in 2012. Net loss also declined, compared to $74.5 million recorded last year. According to Tom Werner, SunPower president and chief...
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New York Governor Andrew Cuomo has awarded $46 million to large-scale solar power projects in 33 counties across the state. Under the N.Y.-Sun Competitive P.V. Program, funding has been given to 28 recipients to develop 76 solar facilities with an overall generating capacity of 52 megawatts – enough to provide clean electricity for about 9,000 New York households. According to the state government, the $46 million...

American alternative energy company Solar America Corporation has made its first shipment of products to the Los Conejos housing project in Tonloa, a suburb of Guadalajara, Mexico. The shipment comes as a result of a memorandum of understanding signed by Solar America and principal contractor Valdez Cueva Constructores Asosiados on February of this year. Under the terms of the agreement, Solar America will provide solar power...

With robust renewable energy targets and strong policies in place, California’s clean technology sector is now both diversifying and advancing, found a new report by nonprofit group Next 10 and consultancy firm Collaborative Economics. According to the 2013 California Green Innovation Index, which tracks economic indicators associated with the state’s low carbon strategies and implementation, the...

The renewable energy sector of the South American country of Peru saw a boost this week with the inauguration of two solar power plants and successful financing for the country’s first large-scale wind farms. Renewable energy project developers Solarpack and Gestamp Solar announced the launch of the two solar plants in the regions of Tacna and Moquegua in Southern Peru. The Panamericana Solar project in Moquegua...

The United States continues to reign as the world leader in geothermal power with 147.05 megawatts of new capacity added last year, according to the Geothermal Energy Association. In a preliminary report, the G.E.A. said the notable growth in the sector in 2012 is attributed to new developments in geothermal technology across the country. “Geothermal power is expanding across the Western half of the country, and new scientific and...

Renewable energy accounts for half of all new electrical generating capacity in the United States in 2012, according to the latest report from the Federal Energy Regulatory Commission’s Office of Energy Projects. The Energy Infrastructure Update found that renewables, including biomass, geothermal, solar, water and wind, provided 49.10 percent of all new domestic power installations in the twelve months of 2012, with a total of...

Environmental services provider EQM Technologies & Energy, Inc. sold its biodiesel production business for around $5.3 million to Dalek Renewables, LLC. The deal transfers ownership of EQM’s biodiesel production facility in Cleburne, Texas and its related assets to Dalek Renewables. The transaction was approved by EQM’s board and is expected to close on or before January 23, 2013. “This transaction will allow us...

American renewable energy power provider EDF Renewable Energy is starting the year right, with the announcement of closed financing deals on proposed wind and solar power generation projects. The power provider said it completed tax equity financing with the Bank of America Merril Lynch for its 100.8-megawatt Spearville 3 Wind project located in Ford County, northeast of Dodge City, Kansas as of December 21...

MidAmerican Solar has acquired the 579-megawatt Antelope Valley Solar Projects in California from SunPower Corp. The project is actually two co-located projects that will form the largest permitted solar photovoltaic power development in the world.According to estimates provided by the U.S. Environmental Protection Agency, the project will offset more than 775,000 tons of carbon dioxide emissions per year...

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